Analysis for June 10th, 2013
EUR/USD
After making a rapid ascending movement in the end of the last week, Euro started a correction. I opened several more buying orders, because the price seems to continue moving upwards. The target is still at the level of 1.3340, where there are several fibo-levels.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/57/eur_usdfib1_46.png)
At the H1 chart, the price is moving near the level of 50% from the previous ascending movement. According to the analysis of the temporary fibo-zones, predicted target area may be reached by Tuesday. Later these levels may become a starting point of a new correction.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/17/eur_usdfib2_46.png)
USD/CHF
Franc rebounded from the levels of 261.8% (backward correction) and 61.8 (extension) and started a correction. However, there is a possibility that the price may start falling down towards the target area during the next several hours. The target for the bears is the level of 0.9200.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/10/usd_chffib1_44.png)
At the H1 chart, the pair is finishing a correction. According to the analysis of the temporary fibo-zones, the target levels may be reached tomorrow. If the pair rebounds from these levels, the market may start a new correction.
RoboForex Analytical Department